Cineworld Group (CINE) Sets New 12-Month Low at $508.50

Cineworld Group plc (LON:CINE) shares hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 508.50 ($6.84) and last traded at GBX 533 ($7.17), with a volume of 2231084 shares changing hands. The stock had previously closed at GBX 543.50 ($7.31).

A number of brokerages have issued reports on CINE. Berenberg Bank reissued a “buy” rating and set a GBX 800 ($10.77) price objective on shares of Cineworld Group in a research report on Thursday, November 30th. J P Morgan Chase & Co reissued an “overweight” rating and set a GBX 780 ($10.50) price objective on shares of Cineworld Group in a research report on Wednesday. Numis Securities reissued a “hold” rating and set a GBX 750 ($10.09) price objective on shares of Cineworld Group in a research report on Thursday, August 10th. Peel Hunt reissued an “add” rating and set a GBX 775 ($10.43) price objective on shares of Cineworld Group in a research report on Wednesday, August 16th. Finally, Investec reissued a “buy” rating and set a GBX 825 ($11.10) price objective on shares of Cineworld Group in a research report on Thursday, August 10th. Two analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of GBX 763.75 ($10.28).

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About Cineworld Group

Cineworld Group plc is a United Kingdom-based international cinema chain. The Company operates in approximately nine countries. The Company operates through two segments: UK and Ireland, and Central and Eastern Europe and Israel (CEE & I). The Company has approximately 220 cinemas with over 2,010 screens.

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